Luis Carlos Sarmiento Angulo
Luis Carlos Sarmiento Angulo is a Colombian businessman, or rather the largest individual banker in Colombia. He has been rated by FORBES Magazine as the richest man of Colombia. His fortune is estimated in 11.1 trillions of dollars, which places him as the millionaire No. 85 in the world. He is the founder and president of the most important business group in Colombia, which takes his name and groups companies and investors in different sectors of the economy: financial, agribusiness, mining and industry, energy and gas, infrastructure, hotel industry, construction and media.
He started his business career in the construction sector, but it was his foray into the financial world that made him the richest man of the country. Through the Grupo Aval Acciones y Valores S.A. he controls 33% of Colombia’s financial market and owns BAC Credomatic, the largest financial group in Central America . Another sector that represents him large revenues is that of Infrastructure, being the beneficiary and executor of the main road concessions in Colombia.
In 2012, with the purchase of the 100% of the shares of the El Tiempo publishing house, the entrepreneur entered into the media sector. He controls 28 media of wide circulation, penetration and consumption throughout the country, among which is the most widely read newspaper of general news content and of national circulation in Colombia, El Tiempo, as well as the free newspaper with great circulation and readability in its kind, ADN (four local editions). To these are added, an economic newspaper with national circulation and two regional newspapers. Seven magazines. Ten digital media. Two television channels.
He is the President of the board of directors of Grupo Aval Acciones y Valores S.A. since March 1999. He is also member of the boards of directors of: the Organización Luis Carlos Sarmiento Angulo Ltda., the El Tiempo S.A. publishing house and CEETTV S.A., the Fundación Grupo Aval and the Fundación para el Futuro de Colombia- Colfuturo.
Grupo Aval Acciones y Valores S.A.
Banco de Occidente
Banco de Bogotá Fiduciaria Bogotá
Banco de Bogotá Panamá
Almacenes de Depósito Almaviva
Banco de Occidente
Banco AV Villas
Seguros Alfa y Seguros de Vida Alfa
Fiduciaria Corficolombiana S.A.
Bolsa de Valores de Colombia S.A.
Banco Corficolombiana Panamá S.A.
Casa de Bolsa S.A.
Financial Banco Popular
Proyectos de Infraestructura S.A. – PISA
Estudios y Proyectos de los Andes S.A. – Epiandes
Colombiana de Concesiones y Licitaciones S.A.S. – Concecol
Estudios y Proyectos del Sol S.A.S. – Episol
Concesionaria Panamericana S.A.S.
Concesionaria Tibitoc E.S.P.
Energy and Gas
Empresa de Energía De Bogotá – EEB
Gas Natural S.A. ESP
Organización Terpel S.A.
Hoteles Estelar S.A.
Promotora Turística Santamar S.A.
Organización Pajonales S.A
Industry and Mining
Tejidos Sintéticos de Colombia S.A. – Tesicol
Family & Friends
Affiliated Interests Family Members Friends
Daughter. President of the board of directors of Grameen Aval Colombia. She is married to Antonio Ardila, the son of Carlos Ardila Lülle, who participates in his father’s business in the soda sector.